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Crypto

Uniswap Price Bounces on Reported Buy Wall Support

Guavy AI Editorial Team
Instruments
UNI
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Uniswap's price has been climbing inside a rising channel since mid-September, and recent sessions have tested the lower boundary near $8.5105.

A trader pointed to a buy wall as the reason for the bounce, with several zones at different price levels visible on an order book depth chart shared by CW.

The reported buy wall is providing support, according to CW, and could help UNI reclaim the EMA zone near $8.9949 and push back toward $10.7073.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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